ayusharya_001
The NIFTY 50 has broken below a key rising trendline, signaling a potential end to the recent bullish momentum. This breakdown is supported by price action, volume analysis, and open interest data, indicating a shift in market structure. 📊 Chart 1: OI + Volume Profile Insights Heavy Call OI buildup near 24,800–25,000, creating a strong resistance zone. ...
🧠 Breakdown: Symmetrical Triangle Breach + OI Data PB Fintech has broken down from a well-formed symmetrical triangle, signaling a likely continuation of the bearish trend that started post-₹1,820 rejection. 🔻 Breakdown below trendline support confirms sellers are in control short term. 📐 Chart Structure Recap Price formed a symmetrical triangle since...
NSE: BRITANNIA | CMP: ₹5,486.50 | Timeframe: Daily Britannia is approaching a crucial symmetrical triangle apex, formed by a long-term descending resistance and a recent ascending trendline. The price is compressing — signaling a potential breakout soon. 🔍 Key Levels: Resistance: ₹5,890 (triangle top + horizontal zone) Support: ₹5,280–5,400 (demand zone) ...
📅 Chart Type: Daily 📉 Structure Observed: Downtrend Channel → Breakout Attempt → Symmetrical Triangle 📌 Current Price: ₹29,620 🔍 Chart Analysis Summary: 3M India has been under a prolonged downtrend since mid-2023, clearly respecting the falling channel (highlighted in blue). However, since March 2025, a base seems to be forming, and price action has converged...
Solana ( CRYPTO:SOLUSD ) has re-emerged as one of the strongest Layer-1 blockchain plays, continuing its impressive recovery and adoption since the FTX fallout. With major ecosystem developments, lower fees, and blazing-fast throughput, SOL is now more than just an "Ethereum killer"—it’s a key pillar of the next wave of decentralized apps. 🔍 Current Technical...
Gold ( FXOPEN:XAUUSD ) has finally broken below the lower boundary of the rising channel after a strong bullish rally that peaked above $3,450. Today's bearish candle closed below the trendline support, indicating potential short-term weakness. 🔍 Technical Highlights: Breakdown from Rising Channel Price has broken below the lower channel, hinting at a...
The Nifty 50 Index has experienced notable downward momentum recently, currently trading at 23,581, marking a 1.77% decline. Here’s a breakdown of the technical outlook: Channel Trends Descending Channel: The index is trading within a downward sloping channel (blue). It has respected both the upper and lower trendlines, suggesting the bearish trend remains...
Aurobindo Pharma is showing signs of a trend reversal on the daily chart. The stock has broken above a descending trendline, supported by strong volumes, signaling a potential bullish move. Key Levels to Watch: Support: ₹1,253 Resistance: ₹1,346 and ₹1,407 Long Opportunity: If the stock sustains above ₹1,300, it offers a good long opportunity with a...
Lupin Ltd (NSE: LUPIN) has displayed an impressive uptrend throughout 2024, supported by a strong ascending trendline (yellow). The stock has experienced healthy corrections along the way, forming a well-defined channel (blue) during its recent consolidation phase. Let’s break it down: Key Observations: Uptrend Continuation: The broader trend remains...
Current Price Action Crompton Greaves (CROMPTC) is trading at ₹393.55, experiencing a slight correction of -2.72% for the day. The stock has been oscillating within well-defined trendlines, showcasing pivotal support and resistance levels. Key Technical Levels Resistance Zones: ₹440.35: A significant resistance level from recent highs. ₹479.15: A...
The Nifty Index Futures chart highlights significant market developments, signaling potential shifts in momentum. Here’s a concise analysis: Key Highlights Trendline Breakdown: The long-standing upward channel has been breached, indicating bearish pressure. Bearish Patterns: A confirmed head-and-shoulders pattern with a neckline breakdown suggests...
Dabur India Ltd., a leading FMCG player, is showing an interesting technical setup on its weekly chart. Key Highlights: Strong Support: The stock has consistently respected a long-term ascending trendline since 2012. Triangle Pattern: A descending triangle is forming, signaling potential breakout or breakdown. Current Level: Trading at INR 507.50,...
Downtrend : IRCTC is following a descending trendline, indicating a bearish phase. A breakout above this trendline could signal a bullish reversal. Support Levels : Immediate: ₹805-810 Stronger: ₹760, followed by ₹690 and ₹637 Resistance Levels : Key: ₹858 Higher: ₹902 and ₹935 Trend Outlook : The stock is consolidating near its lower range,...
Cummins India Ltd (NSE: CUMMINS) is signaling strong bullish momentum on the weekly chart with a falling wedge and bullish flag combination . Key Insights: Patterns: Falling wedge + bullish flag – strong continuation signals. Current Price: ₹3,671.00 (+1.98%). Breakout Zone: ₹3,750 (watch for a sustained move). Targets: ₹3,929 → ₹4,169 → ₹4,500 →...
Bajaj Auto Ltd. is currently trading within a descending wedge pattern, indicating potential consolidation or a breakout scenario. Here’s the technical breakdown: Key Observations Descending Wedge: The price is narrowing, with lower highs and lows, signaling reduced selling momentum. Support Zone: ₹8,800–₹8,900 serves as a strong support level. A...
Trend Analysis Primary Uptrend: The stock has been following a strong upward channel, as shown by the blue trendlines. Over the past months, the price has consistently respected these trendlines, indicating strong investor confidence and sustained buying pressure. Current Channel Movement: The price is trading within a secondary ascending channel,...
Key Highlights: Resistance Zone (₹70-₹72): The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock. Ascending Trendline Support: The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline...
The WTI Crude Oil chart highlights a long-term bearish trend, with price testing key support and resistance zones. Here's a concise breakdown: Key Levels to Watch Support Levels: $65.00 (immediate), $61.52, $56.97, $55.00, $51.76, $42.87. Resistance Levels: $72.80, $78.44, $83.64, $93.40. Current Opportunity for Swing Trade Accumulate near $65.00...